Israeli startups raised record USD 1.2 billion in January 2021
Israeli startups raised a record monthly figure of over USD 1.2 billion in January 2021, according to press releases from the companies and their investors.
Israeli tech companies raised a record more than USD 10 billion in 2020, according to IVC-ZAG, up from USD 8.3 billion raised in 2019, and USD 6.4 billion in 2018.
In many instances, financing rounds by tech companies that facilitate remote working and healthcare and cybersecurity, have been boosted rather than hampered by the Covid-19 pandemic.
Over 75% of these funds in January were raised by five unicorns: Global payment network developer Rapyd raised USD 300 million, cloud native software network developer DriveNets raised USD 208 million, automatic cloud backup company OwnBackup raised USD 167.5 million, telemedicine app K Health raised USD 132 million, and B2B payments company Melio raised USD 110 million, which we covered last week.
